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Cohen Financial Gets $39M for Outdoor Mall

KANSAS CITY—The real estate firm again joins with Artis Advisors to close a deal.

By Brian J. Rogal | Updated on May 19, 2013

KANSAS CITY—Cohen Financial, a national real estate capital services firm based in Chicago, has, in affiliation with their equity investment partner Artis Advisors, secured $39.9 million in equity financing for the acquisition of Legends Outlets Kansas City.

The property is a 1.2-million-square-foot outdoor mall located 12 miles west of downtown Kansas City, Kansas, near the junction of I-70 and I-435. The mall is located in a growing entertainment and retail district that features the Kansas Speedway, a casino, a professional soccer stadium and the Nebraska Furniture Mart, a 450,000-square-foot showroom. The area draws an estimated 10 million visitors annually. The property is 94 percent leased.

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